Archives : DAILY MARKET OUTLOOK : 21/07/2008

DAILY MARKET OUTLOOK : 21/07/2008.

Market has formed a Bullish Hammer Pattern on the weekly charts. This will help the market move up, but sustainability at higher levels will be difficult. This will lead to Volatility so be careful. It is advisable to Buy in Dips and keep your positions hedged.

Sensex Resistance 14052-14449-14645. Support 13049-12822-12514.

Nifty Resistance 4153-4215-4324. Support 4009-3896-3848.

Buy NTPC 173 SL 168 Tgt 178-182-193.

Buy SRF 125 SL 121 Tgt 132-137.

Buy Corp Bank 269 SL 263 Tgt 281-287.

Buy RIL 2113 SL 2075 Tgt 2156-2183-2259.

Buy ONGC 944 SL 927 Tgt 974-1024-1054.

Buy REL 858 SL 840 Tgt 873-892.

Buy HCC 85 SL 83 Tgt 90-94.

Buy Axis Bank 685 SL 660 Tgt 722-749.

Buy Patel Engg 402 SL 390 Tgt 419-429-441.

Buy Nalco 357 SL 332 Tgt 377-398.

Buy ZEE 194 SL 189 Tgt 207-215.

Buy RNRL 69 SL 67 Tgt 73-76.

Buy BOI 257 SL 249 Tgt 264-271.

Buy Polaris 81 SL 78 Tgt 86-90-99.

Buy DLF 460 SL 448 Tgt 474-510.

Buy Unitech 149 SL 143 Tgt 162-172.

Buy L&T 2547 SL 2476 Tgt 2610-2662.

Buy Maruti 619 SL 604 Tgt 638-645.

Buy HDFC Bank 1034 SL 1015 Tgt 1076-1098.

 


Disclaimer : The recommendations made herein do not constitute an offer to sell or a solicitation to buy any of the securities mentioned. No representations can be made that the recommendations contained herein will be profitable or that they will not result in losses. Readers using the information contained herein are solely responsible for their actions. Information is obtained from sources deemed to be reliable but is not guaranteed as to accuracy and completeness.

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